https://www.taxtmi.com/caselaws?id=397115 The Court dismissed the writ petition challenging the constitutionality of Regulation 7(2)(ca) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. The Court upheld the validity of the regulation, finding that the Insolvency and Bankruptcy Board of India (IBBI) is empowered to levy fees, there is no excessive delegation of legislative powers, and the fees are justified as regulatory fees with a correlation to services provided. The Court concluded that the regulations do not violate constitutional rights under Articles 14, 19, and 21 of the Constitution. en-us Tue, 28 Jul 2020 00:00:00 +0530 Sat, 31 Oct 2020 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397115 The Court dismissed the writ petition challenging the constitutionality of Regulation 7(2)(ca) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. The Court upheld the validity of the regulation, finding that the Insolvency and Bankruptcy Board of India (IBBI) is empowered to levy fees, there is no excessive delegation of legislative powers, and the fees are justified as regulatory fees with a correlation to services provided. The Court concluded that the regulations do not violate constitutional rights under Articles 14, 19, and 21 of the Constitution. Case-Laws Insolvency and Bankruptcy Tue, 28 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397115